This company has been acquired
Progressive Care Management
Management criteria checks 0/4
Progressive Care's CEO is Charles Fernandez, appointed in Nov 2022, has a tenure of 1.92 years. total yearly compensation is $1.66M, comprised of 5.3% salary and 94.7% bonuses, including company stock and options. directly owns 7.52% of the company’s shares, worth $1.01M. The average tenure of the management team and the board of directors is 1.8 years and 2.1 years respectively.
Key information
Charles Fernandez
Chief executive officer
US$1.7m
Total compensation
| CEO salary percentage | 5.3% |
| CEO tenure | 1.9yrs |
| CEO ownership | 7.5% |
| Management average tenure | 1.8yrs |
| Board average tenure | 2.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -US$20m |
| Mar 31 2024 | n/a | n/a | -US$15m |
| Dec 31 2023 | US$2m | US$88k | -US$15m |
| Sep 30 2023 | n/a | n/a | -US$841k |
| Jun 30 2023 | n/a | n/a | -US$9m |
| Mar 31 2023 | n/a | n/a | -US$5m |
| Dec 31 2022 | US$452k | n/a | -US$6m |
Compensation vs Market: Charles's total compensation ($USD1.66M) is above average for companies of similar size in the US market ($USD667.78K).
Compensation vs Earnings: Charles's compensation has increased whilst the company is unprofitable.
CEO
Charles Fernandez (61 yo)
1.9yrs
Tenure
US$1,655,412
Compensation
Mr. Charles M. Fernandez, also known as Charlie, serves as Chairman of Progressive Care, Inc. since September 13, 2022 and serves as its Chief Executive Officer from November 11, 2022. He served as Portfol...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | 1.9yrs | US$1.66m | 7.52% $ 1.0m | |
| Chief Financial Officer | 4.3yrs | US$208.02k | 0.078% $ 10.6k | |
| Chief Operating Officer | 1.4yrs | US$190.65k | 0.055% $ 7.4k | |
| Vice President of Accounting & Finance | 1.8yrs | no data | no data | |
| Head of Digital Transformation | no data | no data | no data | |
| Controller | no data | no data | no data |
1.8yrs
Average Tenure
Experienced Management: RXMD's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | 2.1yrs | US$1.66m | 7.52% $ 1.0m | |
| Independent Vice Chairman | 2.1yrs | US$1.42m | 6.72% $ 906.3k | |
| Independent Director | 7.2yrs | US$110.40k | 0.91% $ 122.3k | |
| Independent Director | 2.8yrs | US$109.40k | 0.99% $ 133.0k | |
| Independent Director | 2yrs | US$109.40k | 0.73% $ 98.5k | |
| Independent Director | 1.3yrs | US$53.00k | 0.14% $ 18.8k | |
| Independent Director | 1.3yrs | US$53.00k | 0.14% $ 18.8k |
2.1yrs
Average Tenure
55yo
Average Age
Experienced Board: RXMD's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/10/01 17:35 |
| End of Day Share Price | 2024/10/01 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Progressive Care, Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | SeeThruEquity, LLC |